AUD/IDR Bears Dominate Short-Term Trading Amid Sustained Selling Pressure

The Australian Dollar vs Indonesian Rupiah (AUD/IDR) has continued to trade in a bearish direction, with the pair sitting below its key moving averages. This indicates sustained selling pressure and dominance in short-term trading.

AUD/IDR is currently trading at Rp12,589.96 after experiencing a modest decline today. The pair's momentum and oscillators, including MACD, ADX, and CCI, signal broad downside exhaustion without reversal signs.

According to technical analysis, the expected range for the next two days is Rp12,527, Rp12,652, with a 73% probability of continued downside. Resistance at Rp12,646 is also seen as a major obstacle for potential upside.

The AUD/IDR remains capped by the MA-20 and MA-50 on the hourly chart, while support on the daily timeframe is given by the MA-200 at Rp12,055. Momentum indicators validate the negative bias, with MACD, ADX, RSI, Stoch RSI, CCI, and Bull/Bear Power all indicating dominant selling interest.